Richard And Mary L Gray Foundation
- Assets
- $0.0
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 02/1987
- Data as of
- 12/2020
- EIN
- 36-3485580
Organization Overview
Richard And Mary L Gray Foundation is located in Chicago, IL. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.
For the year ending 12/2020, Richard And Mary L Gray Foundation generated $1.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $8.2m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Richard And Mary L Gray Foundation has awarded 849 individual grants totaling $22,598,893. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Gray President | 1 | $0 | |
Mary Gray Vice-Pres. | 0.5 | $0 | |
Harry Gray Director | 0.5 | $0 | |
Jennifer Gray Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $37,093 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,513,787 |
| Capital Gain Net Income | $1,495,575 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $90,884 |
| Total Revenue | $1,641,767 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2,635 |
| Taxes | $27,436 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $51,176 |
| Total operating and administrative expenses | $120,563 |
| Contributions, gifts, grants paid | $8,045,319 |
| Total expenses and disbursements | $8,165,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Richard And Mary L Gray Foundation has awarded $8,045,319 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
BRYN MAWR COLLEGE PURPOSE: GENERAL UNRESTRICTED | $15,000 |
ART INSTITUTE OF CHICAGO PURPOSE: GENERAL UNRESTRICTED | $40,000 |
ACCESS LIVING OF METROPOLITAN CHICAGO PURPOSE: GENERAL UNRESTRICTED | $40,000 |
CHICAGO HIGH SCHOOL FOR THE ARTS PURPOSE: GENERAL UNRESTRICTED | $2,500 |
CHICAGO HUMANITIES FESTIVAL PURPOSE: GENERAL UNRESTRICTED | $25,000 |
CHICAGO PUBLIC LIBRARY FOUNDATION PURPOSE: GENERAL UNRESTRICTED | $1,000 |